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Banco Santander México, S.A., Institución De Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) Shares Gap Down to $6.10

Defense World ·  Dec 18, 2022 03:41

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating)'s share price gapped down prior to trading on Friday . The stock had previously closed at $6.10, but opened at $5.90. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México shares last traded at $5.82, with a volume of 620 shares changing hands.

Analyst Upgrades and Downgrades

BSMX has been the subject of a number of research analyst reports. StockNews.com upgraded Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a "hold" rating to a "buy" rating in a research report on Thursday, November 24th. Scotiabank cut Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from an "outperform" rating to an "underperform" rating in a research report on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has an average rating of "Hold" and a consensus target price of $6.50.

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Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Stock Performance

The stock has a market cap of $8.28 billion, a PE ratio of 6.63, a PEG ratio of 0.41 and a beta of 1.15. The business has a 50-day moving average of $5.82 and a 200 day moving average of $5.44. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.32.

Institutional Trading of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 1st quarter worth about $78,000. Cerity Partners LLC purchased a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 2nd quarter worth about $92,000. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 1st quarter worth about $1,056,000. Finally, JPMorgan Chase & Co. increased its position in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 20.2% during the 1st quarter. JPMorgan Chase & Co. now owns 796,300 shares of the bank's stock worth $4,173,000 after purchasing an additional 133,623 shares in the last quarter. Hedge funds and other institutional investors own 10.91% of the company's stock.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Company Profile

(Get Rating)

Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

Further Reading

  • Get a free copy of the StockNews.com research report on Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BSMX)
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